Coupang (CPNG) announced it will fully cooperate with the investigation and subpoena issued by the U.S. House of Representatives Judiciary Committee.
On Tuesday, Coupang issued a statement saying, "Coupang will fully cooperate with the House Judiciary Committee's investigation, including submitting the documents requested in the subpoena and having witnesses appear."
Earlier, the House Judiciary Committee issued an official subpoena to Harold Rogers, Coupang's Chief Administrative Officer and General Counsel, claiming that Korean government agencies, including the Korea Fair Trade Commission, have been targeting U.S. technology companies including Coupang with discriminatory regulations and excessive sanctions.
The subpoena reportedly demands submission of all documents exchanged between Coupang and Korean government agencies, including the Fair Trade Commission and the National Intelligence Service, from January 1, 2020 to the present, in their original form.
House Judiciary Committee Chairman Jim Jordan and Regulatory Reform and Antitrust Subcommittee Chairman Scott Fitzgerald, both Republicans, ordered Rogers to appear before the committee and testify on January 23.
The House Judiciary Committee previously mentioned Coupang on December 26 when President Donald Trump announced he would raise tariffs on South Korea back to 25 percent. At the time, House Judiciary Committee Republicans shared Trump's tariff announcement on social media, claiming, "This is what happens when you unfairly target American companies like Coupang."
